Mitcham Industries (MIND) Receiving Favorable Press Coverage, Report Finds

Press coverage about Mitcham Industries (NASDAQ:MIND) has trended positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mitcham Industries earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 77 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next several days.

A number of research firms have recently issued reports on MIND. Zacks Investment Research lowered shares of Mitcham Industries from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. ValuEngine upgraded shares of Mitcham Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 3rd.

Shares of Mitcham Industries (NASDAQ MIND) opened at 4.19 on Friday. The company’s market cap is $50.61 million. Mitcham Industries has a 52 week low of $2.65 and a 52 week high of $5.14. The company has a 50 day moving average of $3.98 and a 200-day moving average of $4.42.

Mitcham Industries (NASDAQ:MIND) last announced its earnings results on Wednesday, June 7th. The scientific and technical instruments company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.22. The firm had revenue of $18.43 million during the quarter, compared to analysts’ expectations of $12.70 million. Mitcham Industries had a negative return on equity of 36.70% and a negative net margin of 61.58%. On average, equities research analysts expect that Mitcham Industries will post ($1.22) earnings per share for the current fiscal year.

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About Mitcham Industries

Mitcham Industries, Inc is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments. The Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world.

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